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MarketFoolery

Dave & Buster’s Isn’t Playing Around

MarketFoolery

The Motley Fool

Money, Business, Motley, Business News, Stocks, News, Investing, Market, Fool

4.71.7K Ratings

🗓️ 7 December 2016

⏱️ 23 minutes

🧾️ Download transcript

Summary

Dave & Buster’s hits a new high after blowout 3rd-quarter earnings. Analyst David Kretzmann analyzes the restaurant’s success, Fitbit’s acquisition of Pebble, and the prospect of SiriusXM buying Pandora.

Transcript

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0:00.0

It's Wednesday, December 7th.

0:03.4

Welcome to Market Foolry.

0:04.8

I'm Chris Hill joining me in studio today from Supernova and Rule

0:08.2

Breakers David Kretsman.

0:09.6

Thanks for being here.

0:10.6

Thanks for having me.

0:11.3

It's great to be here.

0:12.0

We've got, we've got some news, which is always good, because this is a business news podcast.

0:17.7

The news fairy is very kind to us this.

0:19.6

The news fairy has been on a roll lately, so shout out to the news Ferry but let's start

0:26.4

with some earnings from Dave and Busters. Third quarter profits were not just

0:30.9

higher than expected. They were 79% higher than expected. They also raised

0:36.2

guidance for the full fiscal year. I mean, this company is just crushing it right now.

0:42.1

And it's all the more impressive when you consider running. I mean this company is just crushing it right now.

0:42.6

And it's all the more impressive when you consider

0:44.8

restaurants as a whole are having a very difficult time.

0:47.5

You just have a handful of restaurants and Dave and Busters is one of them

0:50.3

that is still managing to attract people to the restaurants.

0:54.0

You know, people are still paying a good amount when they do visit the restaurants,

0:58.0

but we've seen a lot of restaurants that have had a good run over the past few years

1:02.0

suddenly see a decline in traffic,

1:04.1

they're lowering guidance, but man, when so when David Busters puts up results like this and raises guidance,

...

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